Inflation remains the focus on market direction Wednesday ahead of PPI data for March as first quarter earnings begin to trickle-in. U.S. equity futures moved higher Wednesday, while Treasury bond yields inched further north and Read more…
JPMorgan CEO Jamie Dimon said the bank sees “significant geopolitical and economic challenges ahead due to high inflation, supply chain issue and the war in Ukraine.” JPMorgan Chase & Co (JPM) – Get JPMorgan Chase Read more…
Cathie Wood sold Twitter shares after Elon Musk revealed his 9.1% stake in the group, while a former investor is suing the Tesla CEO over an alleged SEC disclosure delay. Tesla (TSLA) – Get Tesla Read more…
“With a strong rebound in demand as omicron faded, we returned to profitability in the month of March,” said CEO Ed Bastian. Delta Air Lines (DAL) – Get Delta Air Lines, Inc. Report posted a narrower-than-expected Read more…
Inflation in the UK is developing an acceleration stronger than expected. Estimates for March marked a 1.1% CPI gain for the month, above the 0.8% a month earlier and rebutting analysts’ hopes that the monthly Read more…
Gold’s latest positive incline is finding assistance from the climbing Ichimoku lines after finally being able to shake off the one-month sideways market, which the commodity adopted from the second half of March. The recent Read more…
Stock futures higher as markets look to earnings boost; JPMorgan earnings on tap as Dimon details Russia hit; Twitter shareholder sues Elon Musk over stake building disclosure; Cathie wood says Twitter revenue model ‘maybe isn’t Read more…
The New Zealand dollar is finally in positive territory on Tuesday, after posting five consecutive losing sessions. RBNZ rate decision looms The RBNZ is widely expected to increase rates from the current 1.00% at the Read more…
In the Joint Economic Forecast, Germany’s government advisors warned of a contraction in the economy next year in case of a full halt in Russian natural gas imports. Inflation could also be pushed further the Read more…
GBP/USD falls below 1.30 despite inflation jumping to 7% GBP/USD fell to its lowest level this year after UK inflation rose by more than expected. UK inflation jumped to 7% YoY in March, up from Read more…